* Included in Asking Price
South Eastern British Columbia
Description (All $'s are Canadian)
This 90 room Franchised Hotel is located in an important commercial district of British Columbia. Local population is approximately 20,000, accessible by major highway and airport.
Double queen - 35+
Queen Bed with Pull- out Sofa
King Bed Guest Room - 40+
Full overview is available to qualified buyers after NDA is signed.
* In order to move forward with this deal, a minimum equity of $2,400,000 is required.
Most recent 12 months room revenues $1.6M, with occupancy of 54%. This period represents a 29% occupancy increase over the previous period given the improvements in the reputation following the renovation. Expectation in 2018 is for continued growth.
Minimum Equity Required
Excellent location and accessibility
Full Renovation complete in 2015
1.975 acres of land
Fully city services - water, sewer, storm sewer, gas, electricity, and telephone. The subject neighbourhood also has good exposure.
Seller Reference #1133
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